Business – Sugaring

Here is a list of items needed in order to prepare your sugaring business income tax return:

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INCOME $
EXPENSES: $
Custom Hire (Machine Work)
Gasoline, fuel, and oil for equipment and off road vehicles
Insurance (other than health)
Interest paid
Labor hired
Rent or lease machinery and equipment
Rent or lease real estate
Repairs and maintenance (not vehicle)
Storage and warehousing
Supplies
Taxes
Utilities
Set up taps and lines
Other expenses (specify):
Sugar House (cost to build or buy)
Equipment (include date purchased and description)
Year Make & Model of Business Vehicle(s)
Odometer reading 01/01
Odometer reading 12/31
Total Miles used for Business purposes
Interest Paid on Business Vehicle(s)
Gas, Vehicle Insurance, Registration, Repairs (not needed if using mileage method)

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